Some people think it's just 3 moving averages. But in reality, it is far more than that.
Read more about Alligator and Bill Williams
The Purple Magic Line has been derived from Bill Williams Alligator. Together the Alligator we call the AIMS Gator.
It is a smooth moving average based on the Chaos Red Line of the 5 times higher time frame.
Our Mantra: If you trade in line with the trend of the 5 times higher time frame, you will have a higher chance of catching breakouts in the direction of the trend.
So we have this rule, Always Trade when Price is Going Away from The Purple Line. Simple as that.
Buy Only: Price above the Purple Line Sell Only: Price below the Purple Line.
What is The Alligator?
The Alligator Indicator was developed by Bill Williams and combines moving averages with fractal geometry.
The indicator helps traders to identify if the market is trending.
It consists of 3 lines: the blue line (aka the Alligator's Jaw),
the red Line (aka the Alligator's Teeth) and
the green Line (aka the Alligator's Lips).
Each has different lookback periods and offsets that can be set by the user.
The alligator is easy to use and can find trade setups, based on how close together or how far apart the lines are, resembling an alligator opening and closing his mouth. This indicator can be used in combination with other analysis techniques.
Based on calculations of Non-Linear mathematical formula we have arrived at a way to calculate the Trend of the 5 times higher time frame
The Purple Magic Indicates :
The Trend of Current and 5 times higher time frame It helps prevent trading into Wave 4 It helps with counting Wave 3 and 4 You can use it to time early entry into Wave 5 The bounce of Purple after a wave 3 is often a 50% fib retracement.
Examples:
In the picture below you see an M5 chart and M1 chart.
On the left side, you see Alligator Red Line on the 5-minute chart on the right side, you see The Purple Magic line. Which depicts the same price regions.
This is the Sweet Spot where we take trades.
In line with The Awesome oscillator if you time your entries based on a pullback towards the purple, it can be a system on its own. Nothing else required. But we have a better method.
When we put together, AIMS The Box, AIMS The Gator, and AIMS The Wave indicators, things work even smoother.
@iTradeAIMS,
Thanks, Can you also please give access to AIMS BOX TV . Yes following here & on Youtube
majaluna
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Hello Immy,
i'm a new follower here and i'm also a member of itradeaims.net.
Can i please get access to AIMS Purple Magic and aims box?
iTradeAIMS
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@majaluna, Hi thanks for your support much appreciated.
wrs6001
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Hi Immy
Still new to trading but I am interested in what you've got to say so I have subscribed and following you in various places.
I'd love to have access to this indicator.
Thanks for everything you have done for me so far - great work.
Regards
William...
iTradeAIMS
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@wrs6001, Hi thanks for your support. Go to my profile and then scripts. You'll find free fully working versions of my indicators. I have gifted to the TradingView community
Hello Sir, Please allow access to the AIMS Magic Purple and the AIMS Box. I use to take trade based on fractals (Bill Williams) , i found this script very useful . please allow.
Request access to your Script.
Thanks